Ajooni Biotech Ltd

₹ 7.14 -0.28%

05 Mar 2:19 p.m.

About

Incorporated in 2010, Ajooni Biotech Ltd is a PURE VEG. animal health care solutions company. It is a significant player in the animal feed and aquaculture sectors.^[1]

Key Points

Business Overview:^[1]
ABL was incorporated in February 2010 and was promoted by Mr Jasjot Singh (chairman and managing director). It manufactures a variety of compound animal feed such as cattle feed, cattle feed chips, camel feed, cotton oil cake, mustard oil cake and a wide range of feed supplements. Facilities in Khanna, Punjab, have a total installed capacity of 60,000 MTPA.

Website NSE

Market Cap ₹ 123 Cr.
Current Price ₹ 7.14
High / Low ₹ 10.3 / 4.32
Stock P/E 45.0
Book Value ₹ 5.07
Dividend Yield 0.00 %
ROCE 7.76 %
ROE 5.12 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Debtor days have improved from 76.0 to 59.1 days.
Company's median sales growth is 27.0% of last 10 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 26.9%
Company has a low return on equity of 4.97% over last 3 years.
Promoter holding has decreased over last 3 years: -25.7%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	19.29	20.51	12.31	10.29	10.63	41.26	21.00	19.48	20.05	19.58	25.66	25.72	34.03
	18.32	20.07	11.55	9.70	10.15	40.32	20.34	18.85	20.70	17.99	24.70	24.95	33.10
Operating Profit	0.97	0.44	0.76	0.59	0.48	0.94	0.66	0.63	-0.65	1.59	0.96	0.77	0.93
OPM %	5.03%	2.15%	6.17%	5.73%	4.52%	2.28%	3.14%	3.23%	-3.24%	8.12%	3.74%	2.99%	2.73%
	0.01	0.01	0.01	-0.00	0.02	0.26	0.07	0.29	1.57	0.26	0.04	0.31	0.39
Interest	0.08	0.11	0.10	0.13	0.13	0.12	0.13	0.19	0.12	0.11	0.15	0.06	0.07
Depreciation	0.34	0.29	0.25	0.25	0.26	0.24	0.21	0.21	0.21	0.24	0.22	0.23	0.24
Profit before tax	0.56	0.05	0.42	0.21	0.11	0.84	0.39	0.52	0.59	1.50	0.63	0.79	1.01
Tax %	19.64%	220.00%	23.81%	19.05%	-0.00%	35.71%	-2.56%	23.08%	23.73%	38.67%	25.40%	22.78%	27.72%
	0.44	-0.06	0.32	0.16	0.11	0.54	0.40	0.40	0.44	0.91	0.47	0.62	0.73
EPS in Rs	0.02	-0.00	0.02	0.01	0.01	0.03	0.02	0.02	0.03	0.05	0.03	0.04	0.04
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Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	-0	1	7	13	29	42	40	40	51	74	74	80	105
	-0	1	7	13	28	41	39	39	49	71	72	78	101
Operating Profit	-0	0	0	0	1	1	1	1	2	3	3	2	4
OPM %		2%	2%	2%	2%	2%	2%	3%	3%	4%	4%	3%	4%
	-0	-0	0	-0	0	0	0	0	0	0	0	2	1
Interest	-0	-0	-0	0	0	0	0	0	1	1	0	1	0
Depreciation	-0	-0	0	0	0	0	0	0	1	1	1	1	1
Profit before tax	-0	0	0	0	0	0	0	0	0	1	2	3	4
Tax %		-0%	27%	29%	28%	20%	15%	29%	26%	28%	28%	28%
	-0	0	0	0	0	0	0	0	0	1	1	2	3
EPS in Rs		0.02	0.12	0.18	0.36	0.03	0.03	0.02	0.02	0.05	0.06	0.12	0.16
Dividend Payout %		-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	64%
5 Years:	15%
3 Years:	16%
TTM:	3%

Compounded Profit Growth
10 Years:	71%
5 Years:	39%
3 Years:	80%
TTM:	53%

Stock Price CAGR
10 Years:	%
5 Years:	26%
3 Years:	-20%
1 Year:	34%

Return on Equity
10 Years:	5%
5 Years:	4%
3 Years:	5%
Last Year:	5%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.01	0.24	0.24	0.24	0.33	6	6	8	10	10	18	18	34
Reserves	-0	0	0	0	1	5	6	7	6	6	24	25	52
	-0	-0	-0	1	1	5	5	5	7	5	5	2	2
	-0	0	1	1	11	4	1	2	6	7	12	3	1
Total Liabilities	0	0	2	2	13	19	18	23	28	29	59	48	89
	-0	0	0	0	1	1	1	2	5	6	6	10	10
CWIP	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	1	1
Investments	-0	-0	-0	-0	6	6	4	3	1	1	4	2	4
	0	0	1	2	6	12	13	18	22	22	48	34	74
Total Assets	0	0	2	2	13	19	18	23	28	29	59	48	89

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-0	0	-1	-3	-3	-5	-4	1	4	-6	-4
	-0	-0	-0	-2	-0	1	0	-3	-2	-16	8
	-0	0	1	5	8	-1	3	2	-2	22	-4
Net Cash Flow	-0	0	-0	0	5	-5	-1	0	-0	0	0

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days		58	40	33	17	25	44	115	98	68	101	59
Inventory Days		141	22	14	63	19	51	34	46	34	39	80
Days Payable		100	66	27	79	9	12	20	46	39	56	8
Cash Conversion Cycle		99	-4	20	1	35	84	129	98	63	83	131
Working Capital Days		96	5	9	-29	35	90	138	112	72	111	134
ROCE %	-0%		28%	18%	37%	10%	4%	4%	5%	9%	6%	8%

Shareholding Pattern

Numbers in percentages

2 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	52.62%	52.62%	32.41%	36.39%	36.39%	30.28%	27.46%	26.44%	26.44%	26.89%	26.89%	26.89%
	0.00%	0.00%	0.24%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.18%
	4.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	43.12%	47.38%	67.36%	63.60%	63.59%	69.72%	72.53%	73.56%	73.56%	73.11%	72.82%	72.92%
No. of Shareholders	4,949	4,797	8,142	16,429	21,187	21,548	22,950	30,933	41,053	51,224	63,906	64,102

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	62.50%	56.32%	46.23%	51.64%	52.62%	36.39%	26.44%	26.89%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.18%
	0.00%	0.52%	0.00%	0.00%	4.26%	0.00%	0.00%	0.00%
	10.36%	43.15%	53.76%	48.36%	43.12%	63.59%	73.56%	72.92%
No. of Shareholders	399	384	346	267	4,949	21,187	41,053	64,102

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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